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PayPal may Buy 25% Minority Stake in Freecharge

Discussion in 'General Trading and Investment Discussions' started by TradTips, Dec 23, 2016.

  1. TradTips Member

    The online payments industry is at its peak, all thanks to the banning of high denomination notes of Rs 500 and Rs 1000.

    Best Stock Advisory Calls: BUY IOC FUTURE
    ABOVE 307.80
    TARGET1- 309.50
    TARGET2- 311.20
    STOPLOSS- 305.30

    Global payments platform PayPal Holdings is in the final stages of closing a deal to take a significant minority stake in domestic digital payments platform Freecharge.

    Jasper Infotech is the parent company of Freecharge and online retailer Snapdeal.

    The deal could see the sale of a 25 percent stake for around USD 200 million
    MCX Free Tips: BUY LEAD DEC

    ABOVE 144.50,
    TARGET1- 145.40,
    TARGET2- 146.50,
    STOPLOSS BELOW 143.50

    Watch our Stock Future Calls: BUY BHARAT FIN 540 PUT
    ABOVE 20.50
    TARGET1- 22
    TARGET2- 24.70
    STOPLOSS- 17.60

    [IMG]

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